How Motorola Solutions Stock Has Performed since Its 3Q17 Results


Jan. 29 2018, Updated 5:30 p.m. ET

MSI stock up 10% since its 3Q17 results

Motorola Solutions (MSI) announced its 3Q17 results on November 2, 2017, and reported revenues of $1.6 billion, a rise of 7% YoY (year-over-year) with 5.0% organic growth in revenue.

MSI’s 3Q17 revenues were driven by strong sales in its Land Mobile Radio business. MSI beat analysts’ non-GAAP[1. generally accepted accounting principles] EPS (earnings per share) estimates of $1.40 by 9.3% in 3Q17.

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MSI raised its fiscal 2017 outlook

During the company’s 3Q17 results, Motorola Solutions’ (MSI) management raised its fiscal 2017 outlook on revenues and EPS on increasing demand for its Land Mobile Radio business (or LMR) in the North America region. MSI expects its full-year non-GAAP EPS to be $5.35–$5.40 with revenue growth of 5.0% YoY in fiscal 2017.

In the first nine months of 2017, MSI’s revenues rose 6.0% YoY and ended 3Q17 with a record backlog. MSI’s CEO, Greg Brown, stated, “The primary driver of growth is continued strong demand in North America, which has year-to-date revenue growth of 4% and ending backlog up over $1 billion from a year ago. Considering that many of our systems typically last 10 to 20 years, this demand is a testament to the criticality and longevity of our LMR business.”

Motorola Solutions’ stock price has risen almost 10.0% since it announced its 3Q17 results. MSI has a market cap of $16.0 billion. Among its peers, Harris Corporation (HRS), L3 Technologies (LLL), and Zebra Technologies (ZBRA) have market caps of $17.4 billion, $17.0 billion, and $6.5 billion, respectively.


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